Live: Surprise drop in UK inflation rate in December - MoneyWeek

1 day ago · The rate of UK inflation slowed to 2.5% in December in a surprise drop, down from 2.6% in November. Most analysts were expecting inflation to either hold steady at 2.6% or rise to 2.7%. The ...

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Live: Surprise Drop In UK Inflation Rate In December - MoneyWeek

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moneyweek.com

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UK Inflation: Why A Small Drop Matters To You - BBC News

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3 hours ago · Core inflation, which strips out the direct impact of volatile energy and food prices is now at a four-year low, having dropped to 3.2% in December from 3.5%. Services inflation is …

bbc.co.uk

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Inflation Rate Dipped To 2.5% In December | The Standard

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The rate of inflation unexpectedly fell slightly to 2.5% in December in a surprise boost to embattled Rachel Reeves, official figures reveal today. That was a slight drop from 2.6% in …

standard.co.uk

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Inflation Falls Slightly After Two Months Of Rises

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7 hours ago · The persistently high services inflation, which is impacted by rising wages, fell from 5% a month before to 4.4%, far below the 4.9% forecast by economists.. Similarly core …

sky.com

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December Interest Rates: Bank Of England Keeps Rates On Hold

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Dec 18, 2024 · The Bank of England kept interest rates on hold at 4.75% in the final Monetary Policy Committee meeting of 2024. Full analysis from the MoneyWeek team.

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U.K. Inflation Eases Unexpectedly, Boosting Chances Of BOE Rate Cut

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Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.

wsj.com

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UK Inflation Unexpectedly Falls, Core Price Measures Slow By More

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14 hours ago · Services inflation stood at 4.4% in December - its lowest since March 2022 - compared with 5.0% a month earlier, the ONS said. Economists had forecast it would dip only …

usnews.com

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December Inflation Set To Stay At 2.6% In ‘reprieve’ For UK Economy

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22 hours ago · The rate of Consumer Prices Index (CPI) inflation is expected to have come in at 2.6% last month, unchanged from November, according to a consensus of analysts provided …

independent.co.uk

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Inflation Dropped Slightly To 10.5% In December - Which?

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Jan 18, 2023 · Inflation dropped slightly in the 12 months to December 2022, according to data released by the Office for National Statistics (ONS) today. The Consumer Prices Index (CPI) …

which.co.uk

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UK Inflation Slows To 10.5% - MoneyWeek

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Jan 18, 2023 · Inflation slowed for the second month in a row in December with the Consumer Prices Index (CPI) coming in at 10.5% over the 12 months to the end of 2022, from 10.7% the …

moneyweek.com

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U.K. Inflation Eases Unexpectedly, Boosting Chances Of BOE Rate …

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The U.K.'s annual rate of inflation cooled at the end of the year, making it more likely that the Bank of England will continue to lower its key interest rate. Consumer prices were 2.5% higher …

marketwatch.com

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FTSE 100 Live 18 December: Inflation Rise Hits Rates Outlook, Shoe …

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Dec 18, 2024 · The UK’s annual rate of inflation has increased in line with expectations to 2.6%, the highest level since the reading of 3.2% in March. The figure for November compared with …

standard.co.uk

FAQs about Live: Surprise drop in UK inflation rate in December - MoneyWeek Coupon?

What happened to UK inflation in December?

UK inflation unexpectedly fell to 2.5 per cent in December, sparking increased expectations of an interest rate cut by the Bank of England next month. The surprise decline from November's 2.6 per cent marked the first drop in inflation for three months. ...

Will higher energy bills push UK inflation above 3 per cent?

“Despite December’s unexpected decline, the near-term outlook for UK inflation remains ominous with higher energy bills likely to push the headline rate above 3 per cent over the coming months, aided by April’s expected rise on Ofgem’s energy price cap,” he said. ...

Could inflation relief be short-lived?

But he added that “any relief could be short-lived” due to inflation pressure growing this year. ...

Will new inflation figures lead to more interest rate cuts?

“This was partly offset by the cost of fuel and also second-hand cars, which saw their first annual growth since July 2023.” New inflation figures may pave the way to “slightly more interest rate cuts”, a former Bank of England policymaker has said, in a boost for mortgage-holders. ...

Why did the bank of England cut interest rates?

The Bank of England decided to hold interest rates at 4.75 per cent last month after policymakers said the UK economy had performed worse than expected, with no growth at all between October and December. Markets had previously priced in a 62 per cent chance of a rate cut to 4.5 per cent at the Bank of England's February meeting. ...

Will inflation decrease in the second half of 2025?

However inflation could gradually decrease in the second half of 2025, if wage growth slows and the labour market weakens. Chancellor Rachel Reeves responded to the December inflation reading, stating: "There is still work to be done to help families across the country with the cost of living." ...